Lazard Asset Management LLC acquired a new position in Synaptics, Incorporated (NASDAQ:SYNA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,001 shares of the software maker’s stock, valued at approximately $1,357,000.
Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC lifted its position in shares of Synaptics by 100.4% in the third quarter. Jane Street Group LLC now owns 9,075 shares of the software maker’s stock worth $356,000 after purchasing an additional 4,547 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Synaptics in the third quarter worth $804,000. SG Americas Securities LLC lifted its position in shares of Synaptics by 977.2% in the fourth quarter. SG Americas Securities LLC now owns 29,343 shares of the software maker’s stock worth $1,172,000 after purchasing an additional 26,619 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Synaptics by 13.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 220,146 shares of the software maker’s stock worth $8,626,000 after purchasing an additional 25,594 shares in the last quarter. Finally, First Quadrant L P CA lifted its position in shares of Synaptics by 671.1% in the fourth quarter. First Quadrant L P CA now owns 7,711 shares of the software maker’s stock worth $308,000 after purchasing an additional 6,711 shares in the last quarter. 99.98% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on SYNA shares. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of Synaptics in a research report on Wednesday, December 13th. Craig Hallum reissued a “buy” rating and issued a $49.00 price objective (up previously from $43.00) on shares of Synaptics in a research report on Thursday, February 8th. Stifel Nicolaus cut their price objective on shares of Synaptics from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. ValuEngine lowered shares of Synaptics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Synaptics in a research report on Sunday, November 19th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.63.
Shares of Synaptics, Incorporated (SYNA) opened at $48.55 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.85 and a debt-to-equity ratio of 0.65. Synaptics, Incorporated has a 1 year low of $33.73 and a 1 year high of $64.54. The stock has a market cap of $1,674.91, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.00.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.03. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The firm had revenue of $430.40 million for the quarter, compared to analyst estimates of $430.59 million. During the same period in the prior year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. equities analysts anticipate that Synaptics, Incorporated will post 2.53 EPS for the current fiscal year.
Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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